Larsen to Expand Power Gear Capacity on Demand

By

Rakesh Sharma and

Saurabh Chaturvedi

Dec. 7, 2010 2:50 a.m. ET

NEW DELHI -- Larsen & Toubro Ltd. will expand its power equipment manufacturing capacity depending on long-term demand and government policy regulating the import of cheap Chinese power gear, a senior executive said Tuesday.

"The inquiry bank looks good," Ravi Uppal, chief executive of Larsen Power Ltd., told reporters on the sidelines of an industry conference. "The question is how many of these inquiries get converted into orders. It is going to depend on how it moves with coal linkage, environmental...